You’ve seen the headlines and heard the reports: Brick-and-mortar businesses are struggling. 2020 hasn’t been kind to traditional retail models — malls and main streets have seen declining foot traffic for years, and the Coronavirus pandemic isn’t helping. So, what’s an aspiring business owner to do? Luckily, brick-and-mortar isn’t the end-all-be-all of business models. Instead
If you consistently work on your business, you’ll see a gradual growth quarter over quarter. This will go on until you reach a point where either: ● You’ve grown so much that you’re struggling to keep up with customer demands. ● Your growth has plateaued. Planning for future growth is crucial for any online business.
With the ongoing pandemic forcing us to limit our out-of-home ventures, online shopping has become the way many people choose to buy. The e-commerce industry has been growing exponentially since long before this crisis and according to this 2020 study by Oberlo, the number of digital buyers in 2020 is expected to be 2.05 billion,
$160.3 billion dollars — that’s what Americans spent on e-commerce shopping in the first three months of 2020 alone. That number represents a 14.8 percent increase in e-commerce spending compared to the same period last year. Now, stop to think about how the novel coronavirus, Covid-19, has changed the way we interact in physical spaces.